Wednesday, 24 October, 2018

Markets trade higher in morning session

The BSE Sensex gauge had lost 261.04 points in the previous two sessions The BSE Sensex gauge had lost 261.04 points in the previous two sessions
Scott Davis | 09 May, 2018, 00:58

Meanwhile, on a net basis, Foreign Portfolio Investors (FPIs) sold shares worth Rs 635.24 crore while DIIs bought shares to the tune of Rs 1037.23 crore on Monday, a provisional data showed. Should Mr Trump pull the USA out of a multi-nation agreement on Tehran's nuclear programme, Iranian crude exports might be affected, but analysts said it would also fan the flames of geopolitical tensions in the Middle East, which is home to a third of the world's daily oil supply.

"Albeit, banks outperformed as sentiment improved on account of early recognition of stressed assets".

ICICI Bank, SBI and Axis Bank were among the major gainers on BSE with their stocks surging as much as 6.86 per cent. However, a higher opening in the domestic equity market capped the losses. While, IT and Pharma fell 0.21 per cent and 0.49 per cent, respectively.

M&M (-2.5%), IndusInd Bank (-2%), L&T (-1.9%), Yes Bank (-1.6%) and Bajaj Finance (-1.4%) were the top losers in today's trade.

Sector-wise, bankex index spurted 1.32 percent, followed by realty 1.06 percent, PSU by 0.80 percent, oil and gas 0.36 percent, FMCG 0.19 percent and Power 0.17 percent.




"Major Asian markets have closed on a mixed note". The S&P BSE Small-Cap index inched up 0.10 percent while the mid-cap index shed 0.10 percent.

Overseas, Asian markets were trading higher following firm leads from Wall Street overnight.

Oil prices retreated from three and a half-year highs as investors waited on an announcement by President Donald Trump on whether the United States will re-impose sanctions on Iran. Crude oil prices rose by 0.75 per cent to $75.43 a barrel.

Japan's Nikkei quoted 0.31 per cent higher while Hong Kong's Hang Seng gained 1.26 per cent in their early deals. London's FTSE, however, was up 0.08 percent.

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